Nickel Long Term Cycle Analysis

Is the long term trend in Nickel Started? To answer this question we can start with monthly nickel charts with predict cycle indicator. You can notice from the MCX nickel monthly charts that Predict cycle had turned positive – we are possibly in the long term uptrend. After 8 months of consolidation on the larger timeframe Nickel is currently trading above 8 month high.

Nickel Weekly Timeframe

On the weekly timeframe Predict Cycle is up for the last 4 weeks (Intermediate trend is up for last 1 month) and also trading above the previous consolidation zone. For the longer term and medium term trend to be intact Nickel maintaining above 630 zone is critical for the cycle to put the price in the next orbital zone 806 and 895.

Nickel Daily Timeframe

On the Daily timeframe Predict cycle is up for the last 1 month. Potential we could enter into a period of consolidation for few days or even minor corrections before further trend reversal to happen on the upper side.

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About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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